HK50: high up

Hong Kong’s Hang Seng Index closed up 122.12 points, or 0.54%, to 22688.9 points on January 27 (Friday); Hong Kong stocks continued their recent upward momentum, and the Hang Seng Index closed up 0.54% to 22688 points throughout the day, continuing to hit a new high in the stage. 97.25 billion Hong Kong dollars, the State Index and the Hang Seng Technology Index rose 0.87% and 1% respectively. The trend of the sector is divided, and the software development sector is driven by the surge of about 20% in Shangtang, and it is in a state of leading the whole day.

HSI HK50 4-hour chart

Looking at the 4-hour chart: the high level is rising slowly in the short term, the market is still bullish, the bullish sentiment is slowly emerging, the MACD indicator is finishing at a high level in the bullish zone, and the RSI indicator is hovering at a high level in the bullish zone;

Long-short turning point: 22507

Suppression: 22969, 23239

Support: 22240, 21973

Trading strategy: Bullish above 22507, target 22969, 23239

Alternative strategy: bearish below 22507, target 22240, 21973